Tag: ComEd

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Compliance Into the Weeds

ComEd Compliance Report


Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. This week, Matt and Tom take a deep dive into the recently released Commonewealth Edison report on the current state of its compliance program. Highlights include:

  • Why is ComEd publicly filing a compliance report?
  • How did Compliance Domains replace specific risks?
  • The use of Design Thinking concepts in the Risk Assessment process.
  • A direct line from Risk Assessments -> continuous monitoring-> continuous improvement-> reporting.

Resources
Matt in Radical Compliance

Categories
Daily Compliance News

July 29, 2020-the More Pain for ComEd edition


In today’s edition of Daily Compliance News:

Categories
Compliance Into the Weeds

CPA In America-the ComEd Bribery Action


Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode Matt Kelly and Tom Fox take a look the recent domestic bribery and corruption enforcement action involving ComEd, a subsidiary of energy giant Exelon Corp. and the largest utility in the state of Illinois, agreeing to pay $200 million to settle federal corruption charges that also involve one of the state’s most powerful politicians.
Some of the highlights include:

  • Compliance practitioners need to remember domestic bribery and corruption as well as international.
  • The bribes were offering lucrative lobbying contracts and no-show jobs to associates of Illinois House Speaker Michael Madigan.
  • How did compliance save the day for ComEd?
  • What about the Board of ComEd and Exelon?
  • Is there a real commitment from the top?

 Resources
See Matt’s blog post, ComEd Pays $200 Million on Domestic Bribery on Radical Compliance.